Warren Buffett does his biggest deal ever

Posted online August 10, 2015 | 12:08 pm

Warren Buffett's Berkshire Hathaway announced it has agreed to buy Precision Castparts for $37.2 billion - the most it has ever paid for a company.

With customers such as General Electric, Boeing and Airbus, Precision Castparts produces parts for aircraft makers, power companies and industrial clients, according to CNNMoney.

Berkshire Hathaway already held a 3 percent stake in the company, worth roughly $880 million.

Read more from CNNMoney.

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